Bill > SB1535

This bill establishes the "Missouri Disabled Veteran Homestead Tax Credit Act," allowing counties to offer a real property tax credit to eligible disabled veterans who own a primary residence valued at $500,000 or less. An eligible disabled veteran is a Missouri resident with an honorable discharge and a one hundred percent permanent and total service-connected disability rating from the U.S. Department of Veterans Affairs. The tax credit would cover the total amount of real property taxes levied on their qualified residence, excluding the state blind pension fund levy. This credit is optional for counties to adopt and for eligible veterans to claim, and it does not reduce the property's assessed value or act as a tax exemption. The credit can transfer to a surviving spouse under specific conditions and is not refundable or transferable to others. Veterans receiving this credit cannot also receive other real property tax relief programs.

Military Affairs and Security

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=626312